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hanger ace bounded. we explore it all at years end on "washington week." from the snows of iowa, through the heat of the debate, to election night, the political divide wydened. the u.s. re-examined its role abroad and a second term president claimed it. we look ahead to what happens next with michael duffy of "time" magazine. john harwood of cnbc and the "new york times." doyle mcmanus of the "los angeles times" and karen tumulty of "the washington post." >> covering history as it happens. live from our nation's capital. this is "washington week" with gwen ifill, produced in association with national journal. corporate fuppeding for "washington week" is provided by -- -- corporate funding for "washington week" is provided by -- >> wherever our trains go, the economy comes to life. norfolk southern, one line, infinite possibilities. >> we know why we're here, to chart a greern path in the air and in our factories. >> to find cleaner, more efficient ways to power flight. >> and harn es -- harness our technology for new energy solutions. >> the people of boeing are looking to tomorrow to b
covering history as it happens. live from our nation's capital. this is "washington week" with gwen ifill, produced in association with national journal. corporate fuppeding for "washington week" is provided by -- -- corporate funding for "washington week" is provided by -- >> wherever our trains go, the economy comes to life. norfolk southern, one line, infinite possibilities. >> we know why we're here, to chart a greern path in the air and in our factories. >> to find cleaner, more efficient ways to power flight. >> and harn es -- harness our technology for new energy solutions. >> the people of boeing are looking to tomorrow to build a better tomorrow. >> that's why we're here. >> additional corporate funding is provided by -- prudential financial. additional funding is provided by the annenburg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again live from washington, moderator gwen ifill. gwen: good evening. 2012 was a remarkable year one that was shaped by other exploration of america's essent
cited the last presidential election results, there is this desire for -- the task here in washington, it will be difficult to convince the u.s. government to change the way it has done business over the last 30 years -- some of that is necessary. the task is, how do you play the right role of engaging here? it is not naively giving money to liberal groups and not having a strategy. i believe this is a significant task inside egypt. it is an encouraging sign -- this is my prediction, it is going to force islamist political parties, at least elements of it to change their ideology. if the system remains open, if there is a big debate, i did not see it going backwards in terms of the diversity in egypt. it is hard for me to imagine that going backwards. >> we're going to move toward closing remarks. we will go in reverse order. bret you can have your two minutes. >> 1979, an influential article was written, dictatorships and double standards. he argued -- in a position of find myself increasingly attracted to -- the united states is better served secular authoritarian regimes against to
>> a very good afternoon. 1:00 eastern. >> i am crazy burns. senators returning to washington from last attempt but the house is still out and no new negotiations are scheduled. >> consumer confidence is plunging taking the market down with it. which ended 16 points. trending back and forth. as jobless claims to drop to the lowest level. >> today we look at the un study future of the middle east. what risk lies ahead let's get to speed with the markets are we going over the cliff? consumer confidence is dismal let's go to nicole petallides at new york stock exchange. >> the market under pressure hovering around 13,000 where we're sitting right now. othello's of the day. we have recouped some of the losses but we're still down over 100 points. every single component is a red. johnson & johnson. pfizer. aluminum. and materials. jpmorgan that hit a 52 week high it is now a loser. with the vix index look at the levels the volatility index it is a showing and the indication there is nervousness with washington. what will lawmakers do with a decision? this is the highest point* of a one-
washington should not pull out the rug from under this rebound. ship wreck, massive port strike that could happen this weekend halts commerce for the country. top of the hour, stocks now and every 15 minutes, lauren at the new york stock exchange. stocks down, but it could be worse, lauren. >> it could be worse. at one point, after 109 points, and now down 59 on the second to last trading day of the year. the nasdaq, believe it or not, is the winner today, down by just about .16%, doing the best of the three major averages. i point that out because for the month of december, the nasdaq is the only major average negative. it's interesting to know we started the year with nasdaq at 26.0 # 5, and now at 29.81, we came a long way. a good year for tech. the vix up above 20. fear of the fiscal cliff and traders saying, all right, we have this idea of a deal getting done baked into the markets, but maybe that's going to unravel a little bit. barnes and noble share, stock up more than 6 #% as i speak. the news is both good and bad. bad news first. they say the holiday period and sales trends will
>> "inside washington" is brought you in part by the american federation of government employees, proud to make america work. for more information about afge and membership, visit afge.org. >> production assistance for "inside washington" was provided by allbritton communications and politico, reporting on the legislative, executive, and political arena. >> my hope is to get this done before christmas. >> no substantive progress has been made in talks between the white house and the house. >> this week on "inside washington," heading towards the fiscal cliff. who is going to blink first? >> nobody can win everything. the republicans will have to give on revenue, democrats will have to give on entitlement reform. >> susan rice still in the bull's-eye. >> the concerns i have are greater today than before. >> lunch at the white house whitemitt. who will dare to break the no tax hike pledge? >> republicans who voted against the no tax hike pledged damage the brand for everyone else. captioned by the national captioning institute --www.ncicap.org-- >> thomas jefferson said the purpose
, john harris, kelly o'donnell, michelle caruso-cabrera and david ignatius with "the washington post." first up, will president obama convince republicans to give him a compromise that's big enough, sweeping enough to end this month on a high note? to cap off his election win and get a clean start on his second term. a victory for the president would look like this -- get that top income tax rate up. make minimal concessions on entitlement cuts and get it done before the end of this month, avoid that cliff. this week the president said talk on a partial deal on taxes alone will not cut it with him. >> there have been reports that perhaps the republicans go ahead and let the middle class tax cuts get extended, the upper income tax cuts go up, otherwise we don't get a deal and next year we come back. i have to just tell you, that's -- that is a bad strategy for america. it's a bad strategy for your businesses, and it is not a game that i will play. chris: he wants a pretty good deal, a lot of things in it. when he sits down in that room with he and boehner, it's come down to the two of
in the country. his work is not done yet. people worried about washington keeping their spending type. time for stocks now. nicole petallides is at the new york stock exchange. nicole: the dow is down about ten points. the s&p pulling back one quarter of 1%. a lot of the retailers loved like the biggest losers. 500 stocks are comprised and represent oriole to autos to airlines. the sector that was really lagging where the retailers. oil has been moving to the upside. there is a lot going on with that. and oil spike of two dollars. now, let's take a look at technology. we do see some of the tech stocks doing pretty well. hewlett-packard and intel have been among the real losers for the year 2012 on the dow. today, you continue to see this trend which is a little better. back to you. dagen: thank you. the senate returning to washington tomorrow. the president, as well. five days left to revert the fiscal cliff. now that plan b is that, will there be a plan c or f for failing? peter: president obama expecting to arrive in d.c. tomorrow. white house says they will let us know if there is any up
. >>> the president gets set to land in washington this hour. there's new word that the president has called all four congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do
to the continued uncertainty of washington, no real progress on a debt deal. the house speaker stuck in a blizzard in ohio, but you know what? the dow managed to raise earlier, just up a hint now, just a touch. meanwhile, the nasdaq, the s&p500, and the russell, as you can see, down slightly on the day after christmas. retail stocks are casting a follow on the market, the s&p500, the high end end names, all in the red. we got coach, high end retailers such as tiffany moving lower, ralph lauren, urban jut fitters lower on poor data on sales this holiday season, and it's all due to the latest holiday spending figures that the stocks move lower. sales decreasing at a slow pace since the recession hit in 2008 according to the mastercard survey, the latest one. we'll pick apart the numbers later on in the show. hey, but check out crude oil, @ jumping today, up more than 2%, 3% on the day, near 91 bucks a barrel. first, there's optimism about a budget deal, perhaps in the next few days, optimism, isn't it, and supply concerns, iran is conducting naval test exercises and a strait of hormuz beginning tomo
. christmas break is already over for president obama. he's flying back to washington tonight and aides say he's ready for a deal. it's not clear whether this trip is a sign of compromises to come or another display of theater showing the president is willing to work even as his opponents skip town. meanwhile, though, americans are growing skeptical. in the last week alone, gallup found a 15-point drop in the number of americans who think congress will negotiate a deal on the fiscal cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those automatic spending cuts we've all heard about that are set for january 1st, this temporary deal would delay them for another six months. few are
have big news out of washington, where nothing is happening. the house is not in session, and as of this moment has no plans to be in session for the end of the year. nothing is stirring, not even harry reid. yes, i'm still in the christmas spirit. the president meanwhile is in hawaii and won't be returning until tomorrow. now, normally nothing happening would not be big news in washington. nothing happening is kind of the status quo in washington. getting nothing done is to our political system as saying great is to tony the tiger. it's just kind of what we do now. right now, this week, nothing happening is huge news. the reason is that usually when washington doesn't do anything nothing happens. you do nothing, nothing happens. that's how it goes. in fact that's why people call it doing nothing. after you do it, nothing occurs. if washington doesn't do something, a lot happens. all the bush tax cuts expire, the payroll tax cuts expire. doctors participating in medicare, see their reimbursements cut by more than 25%. good luck getting a doctor then. more than a trillion
-span.org. the public funeral takes place in washington at the national cathedral beginning at 10:30 eastern. senator inouye will return home to hawaii on saturday. he died monday at the age of 88. the u.s.house will gavel in at 12:00 today. addressing the pending tax hikes and budget cuts of the so-called fiscal cliff. they will vote on speaker boehner's plan b which would raise tax rates for incomes above $1 million. they'll also vote on a bill that would replace the sequester budget cuts scheduled to take place on january 1, and also a vote on the defense authorization conference report. we'll have live coverage of the house beginning at noon here on c-span. and throughout the day. we'll take you live just outside the u.s. house live to hear from majority leader eric cantor who's going to be talking about the plan for the day and the votes ahead. should get under way momentarily. live coverage here on c-span. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> here on c-span we're waiting to hear from majority leader eric cantor. they
website called the washington free beacon has millions of dollars in investments of companies linked to iran and rattled off the list and how she got confirmed as a u.n. ambassadorship and the romney campaign never noticing this as the issues of iran and weapons heating up and coming up in independent voices like the beacon, that maybe it will get-- it will derail her. >> jon: the media seem to be circling the wagons around here, judy. >> oh, yes, john mccain's racist theme has been picked up steam and regurgitated not just by people on nbc, "the washington post" editorial pointed out something astonishing to me, of the 90 people who signed the letter objecting to susan rice's nomination or potential nomination as secretary of state, 80 of them were male and about half of them came from states that used to have slaves a hundred years ago, and this was-- when this kind of reasoning gets into the mainstream media, we've got problems. >> jon: you know, the accusation directed the at senator mccain in particular, who voted to approve colin powell as secretary of state and condoleezza ric
at apple as ceo. that money would come in handy in washington, wouldn't it? that is our top story. the senate convened today for emergency session to deal with the fiscal cliff. the house has announced plans to reconvene on sunday. both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upp
to the president about it. congresswoman kathy mcmorris rogers of washington state is the party's conference chair in the house. >> we're going to either succeed together or we're going to fail together. the president is calling for higher taxes as well as more spending. he's calling for another stimulus. at a time when we need tax reform. we need to be looking at... and the republicans have put forward tax reform that includes closing the loopholes, eliminating some of those tax credits, that will actually impact the wealthiest. >> reporter: some republicans said the boehner plan goes too far in taxing the well-off. south carolina senator jim demint, a staunch fiscal conservative, blasted the plan on twitter today. he said speaker boehner's offer of an $800 billion tax hike will destroy jobs and allow politicians in washington to spend even more. but the senate's democratic majority leader harry reid warned republicans against listening to such voices. >> you can't let these negotiations be dictated by the tea party. our guiding principle should be the views of the vast majority of the american p
just need to feel better. cheryl: do something. come back to washington, first and foremost. dennis: a musical about some guy singing about his real feelings. lori: we are looking at the markets. tracy: i would like to see that, but i have not. lori: i have only seen it on broadway. stalks off to a tough start. early numbers point to a tough season. tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that that may not happen. time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on to that. there is a look at some m
distinguished career in congress advocating on behalf of those voices who were often drowned out in washington by the influence of the moneyed interest. over the last 40 years, congressman stark has been one of the foremost advocates on behalf on efforts to ensure that americans were able to access quality, affordable health insurance. i am honored to have been one of the three principaled co- authors in the house of the historic affordable care act which will provide quality insurance for every single american. the key role mr. stark in drafting that law and made sure that the law provided needed relief for working families. this was a crucial accomplishment, yet it was far from mr. stark's only accomplishment in the field of health care. as a former chair and ranking democrat on the ways and means health subcommittee for many years, he was a leader on the health care reform. he was a lead author of the original cobra insurance bill which ensured that workers faced with losing their jobs would not also immediately lose access to the needed health insurance. and those of us who have gone throu
from both france and in washington sent a telegram to the embassies, which is not far away and i might telegram there was a message from kissinger, secretary of the state department, telling us the israelis, wait. hold your horses. do not take action because kissinger is going to move on with provided doctors. when the telegram was sent from the state department to the embassy during yom kippur, the egyptian and syrian armies were already on their way to destroy the jewish state. that is an example of a mistake because the leader at the time, she was afraid to take a preemptive attack. she was afraid to hold the reserve because she said i don't know what will be the reaction in washington. and dr. kissinger was very strong. nixon was going down, he was going up and she was afraid from his reaction. because of her approach, we almost lost the world. that is why today we do with the issue of iran, we have to take the decision which is good for israel. maybe it will not be popular in the u.n. for sure. everything you say about israel and the standard of the one sponsored by u.s. money of
of it is prevalent in the papers. wednesday with congress and the president heading back to washington. here is a headline on "usa today." in the wall street journal -- if the in "the washington post." we welcome your phone calls. we will get to them in a moment. we did find another piece at politico. there you have it in the papers this morning about people being optimistic or pessimistic about things. i want to dig a little bit deeper into "the wall street journal" piece. i we will probably see some what of a flurry of activity tomorrow. if first call. what is your name and where are you calling from? i think that caller is gone. let's try the next call. caller: i am optimistic because this is a great country. we are one nation under god that. i think people ought to turn to their faith during these times because we have always needed to through hard times. host: how will this play in washington but the fiscal glove? caller: i think the republicans are going to have to give it more than the democrats. president obama is basically going to do with the people voted him in for. i think he wil
and stepping this away and that way and now preparing to leave washington. they -- they are doing all of this instead of taking the one step they need to take, and that is to say to the president, all right, you've gone 40% of the way. we're expected to go, you know, 30%, 40%. let's see what we can get done. we don't have to wait until new year's. everybody knows what this is going to look like tend of the day. we just need the republicans to act responsibly and sit down with us and get the deal done. not go home for the holidays. >> and let me switch gears for a second because you hear a lot that's going on in capitol hill. what is the genesis of this criticism of chuck hagel? there's a lot that's also coming from supporters of israel who say that he has not been supportive enough. do you think that is a big question? i know the house doesn't confirm cabinet officials, but you are very close to it all. >> i am not involved in the confirmation process. i'll leave that to the higher pay grades in the senate. show me a nominee or a prospective nominee for any cabinet position, and i wil
has the latest on washington's impasse on taxes and spending. >> ifill: then we examine nato's decision to send patriot anti- missile systems to turkey, as fears grow that syrian chemical weapons could cross the border. >> woodruff: jeffrey brown talks to mcclatchy newspapers' egypt correspondent nancy youssef about the massive antigovernment protests in cairo today. >> ifill: we continue our series of conversations about the fiscal cliff. tonight we hear from economist paul krugman. >> i don't think there's going to be much of a deal. i think there's going to be a kind of... there will be an outcome. >> woodruff: from haiti, fred de sam lazaro reports on the efforts to stem a deadly cholera epidemic that began after the 2010 earthquake. >> ifill: and ray suarez talks to author and journalist tom ricks about what he describes as the decline of american military leadership. >> today nobody gets credit for anything and mediocrity is accepted as a core value in the performance of generals. >> ifill: that's all ahead on tonight's newshour. major funding for the pbs newshour has b
't happen in washingtoners it would make great television. right-to-work laws in michigan became the 24th state in the nation. it allows union workers to opt out of paying union dues even if they're not in the union. stephen moore, "wall street journal." who would be next? >> there are a number of states neighbors to michigan really looking at this legislation. i'll name a few to you, bill. pennsylvania, ohio, west virgina, states like that are competing against southern states. remember a lot of jobs and a lot of manufacturing has moved from the midwest, the kind of rust belt of america to the south in part because those southern states are right-to-work. can i mention one other thing if i could, bill, about this issue that is important? bill: sure. >> there is so much misinformation what it means to be a right-to-work state. i want your viewers to know this, if you're a right-to-work state it does not ban unions, bill. simply means that workers who work for a unionized company have the right as an individual to join the union or not. it does not ban unions. bill: to be more specific, if
. host: that is a shot of the union station in weiss did, d.c. -- in washington, d.c.. we will take a look at politics and the year in foreign policy. we want to hear from you about your political hero. why he or she deserves the honor? your political hero of 2012. you can give us a call this morning. host: you can reach out on social media. you can send us a tweet at twitter.com/cspanwj. we have about 15 comment so far. you can send this e-mail that journal@c-span.org. your political hero for the first 45 minutes. here are some thoughts on facebook and twitter. this is from jonathan espinoza. about 15 comments on facebook already. danny likes bernie sanders. host: just some of the mansion's this morning. entions some of the mansi this morning. you can give us a call. 202-585-3881 for republicans. 202-585-3880 for democrats. 202-585-3882 for independents. also on facebook, facebook.com/cspan. a couple of stories related to the fiscal cliff. from "thew bid frittle bit washington times." this is ron from louisiana. caller: good morning. host: who wish to nominate? -- who would you'll
in washington today, there was a major announcement regarding president obama's cabinet. massachusetts senator john kerry was nominated to be the next secretary of state. after confirmation, the former presidential candidate will succeed hillary clinton to serve as america's top diplomat. so what can we expect from him in that role? for answers, i spoke to the former u.s. state department spokesman. of course, americans united nations ambassador, susan rice, was the top favorite. how effective will john kerry be? >> he has great spirits. in a sense, the obama administration has used him very effectively in the past four years. he was first on the ground in copenhagen with the climate change negotiations. he was inserted into the troubled relationship the united states has with pakistan. he has had effective conversations with president karzai, and he did some yeoman's work when it came to negotiations with south sudan. he has made his mark already in terms of conflict reduction, crisis mitigation. i think he will carry that experience into his new position. >> nevertheless, some would say he h
were talking about, the negotiations in washingtons. the at some point, somebody, maybe the republicans have to speak up ab defend the real economy against the sort of policies they're talking about down there. >> they get wrapped up in the insider baseball and we're guilty of that, too, and playing to that and people out there. what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like th
journal" columnist and political diary editor jason riley and washington columnist kim strossel. dan, we would like to say for a longtime we live in a center right country. if you l look at the last two presidential elections, that doesn't seem to be the case. are we living in a new progressive era? >> in terms of the presidency, i think we are, paul. i am not sure about the country. i think what barack obama has in mind to do is indeed to redistribute income from the top downward and not to cut spending, but to increase spending. it is explicit from historic 20% of gdp to 25% of gdp. rather than cut spending, raise taxes as necessary to support the spending. and i would say that is in fact the french model. the question is whether that model can produce enough growth to support jobs in the economy.en >> noen question, jason. taxes are going up. we know that. spending going up for sure even before the health care law kicks in. so we are moving in that direction, particularly in the entitlement state. >> right. >> not reforming it, but actually expanding it. >> what happened was the supre
is eager, quote-unquote, to hear from the president. >>> house lawmakers are heading back to washington ahead of a deal. john boehner called the house back into session for a rare sunday evening session. boehner says it's up to the senate to act. he says the house has done its part to -- it would extend existing tax cuts for all americans. >>> federal workers are told to take steps to prepare for possible furloughs if spending cuts that would be part of the fiscal cliff take effect. the office of personnel management issued new guidelines which state that employees will be given at least 60 days' notice before any furloughs of more than 22 days. they'll receive 30 days' notice for furloughs shorter than that. workers will also not be allowed to use other forms of paid time off like sick leave. >>> investors overseas appear to be optimistic about the -- the nikkei index hit the highest mark since march of last year. markets in hong kong, south korea and australia are also up today. >>> new this morning, iran state television is reporting the country's navy started training drills in the
. >> it's over. she's feeling better. in washington state at midnight when the clock struck midnight, pot became legal. depending on who you ask. but they voted and pot is legal and gay marriage is legal in washington state. gay couples lined up and at midnight, they had several ceremonies and several gay couples were married. one of them was dan savage, sex columnist, very well-known. >> bill: no kidding. >> he married his long-time partner, terry in washington. if you're in washington state, i would suggest you get high and then go get married because you're going to need it if you're planning on getting married. welcome to the club. for those of you getting married. >> bill: congratulations again to the voters of washington state for doing the right thing there and to the voters of washington state and colorado for doing the right thing when it comes to marijuana. but i would say on disappointing news to me is that the justice department yesterday announced that they want everybody to know that pot is still an ille
tonight from washington. >> pelley: good evening. as bank slogans go they don't come any worse than this: the preferred financial institution of drug cartels and money launders. that is a quote today in a u.s. department of justice report about h.s.b.c. holdings, one of the largest banks in the world. to avoid criminal prosecution, h.s.b.c. admitted today that it laundered more than $800 million for mexican drug cartels and covered up illegal transactions for burma, iran, sudan, cuba, and libya. those nations were under banking sanctions because of human rights atrocities, terrorism, or, in iran's case, a nuclear program. the british bank will pay $1.9 billion to the u.s. government, the largest such fine in history. senior correspondent john miller is in new york following the story for us tonight. john? >> reporter: scott, it's a case that has everything: everything except an arrest. and that struck some as odd because in an 80-page document of court papers, the bank admits to almost going out of its way to act as a financial clearing house for international pariahs and drug dealers. h
a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together and make a difference in every season of the year." the president and speaker john boehner have not spoken in nearly a week. when the house republicans convene conference call today, all
joe" from washington. live with us here, nbc chief foreign affairs correspondent and host of "andrea mitchell reports," andrea mitchell. white house correspondent for the huffington post, sam stein, executive editor of bloomberg news, al hunt and "time" magazine senior political analyst and "way too early" talent -- he was just extraordinary -- mark halperin. mark, you were just -- you were extraordinary. >> no one told me there's no net in that job. >> there is no net. he was great. who could turn the world on with a smile? i mean, mark halperin could, al hunt. >> throwing his hat in the air. >> we need to toss his hat in the air. sam stein has no idea what we're talking about. >> zero. >> so depressed. not a "seinfeld" reference, the greatest series of all time. al hunt, al, this is -- i'm at a loss what's going on in washington. i mean, we can all assign blame. i, right now, am especially curious with what's going through my party's mind on the fiscal cliff. but what -- why the breakdown? you know, if you're a republican, you say, i'll raise taxes. you have crossed the line. you h
, with no odor. so all you notice is relief. aspercreme. >>> now to washington where all they want for christmas is a deal to avoid the cliff. last week it was the democrats who came forward with a proposal, but it was a nonstarter for the republicans. too many tax increases. now the republicans have sent over a deal and still no meeting of the minds. you guessed it, not enough tax increases. here we go again. the deal does offer up $600 billion in save frtion medicare reform and other spending cuts and it also suggests raising $800 billion in revenue through tax reform instead of increases, but it just will not budge on raising those taxes on the wealthiest 2% of americans. and that is why democrats aren't budging. >> we're glad to finally see republicans joining in the negotiating process instead of watching from the sidelines, but while their proposal may be serious, it's also a nonstarter. they know any agreement that raises taxes on the middle class to protect unnecessary giveaways to the top 2% is doomed from the start. it won't pass. democrats won't agree to it, president obama wouldn't s
because of the gridlock in washington over this fiscal cliff. christine, you had a behind-the-scenes look yesterday at what's happened. >> i interviewed the ceo of fedex about the fiscal cliff, energy securities, but along the lines of the fiscal cliff there were a lot of people at this event, gene sperling, an adviser to the president, roy blount, a republican senator from tennessee there as well. people are grim right now about where we are on the fiscal cliff. i asked the ceo of fedex, he employs people. he is shipping packages. he cares about the price of oil, price of energy, and he cares about the clarity of what's happening in washington. listen so what i asked him. >> as a ceo, when you're watching the fiscal cliff, how do you make decisions? is it irrelevant to your business if we go over the fiscal cliff? how does a ceo look at what's happening in washington and decide for next year? >> most of the ceos look at the situation in washington with complete amazement and dismay to be frank about it. the problem is the ideological pinnings on both sides of this argument are so difficu
and politico reporters on the role of lobbyists in those negotiations. "washington journal" is next. host: good morning. both parties are reportedly still talking on the phone. as the deadline approaches, we are two weeks before christmas. eric cantor leaving open the possibility of of a post session. let's look of the numbers. the fiscal cliff deadline 22 days away. we want to begin with a look ahead at the second term agenda. in your mind, what did you think should be the number one priority. we will take your calls and comments. you can also join us on facebook and twitter. from the headlines this morning, including this from the washington post. there is also this story from "the huffington post." aspirations' including closing the educational achievement gap. the lofty goals may have to wait as lawmakers and the president toppled a number of issues that cannot wait. let's go back to the inauguration from generic 20, 2009, a few hundred feet from where we are at as he addressed the nation. he will do so again january next year. this is what he said nearly four years ago. [video
that have put a satellite in to space. the part that worries people here in washington is the same technology can be aflied to delivering nuclear warheads to the american west coast. north korea is now part of a modern day axis of evil for the u.s. iran is thought to be working on a nuclear bomb. the explosive situation in syria passed another landmark today. we begin with chief washington correspondent james rosen at the state department. on the failure to keep the north koreans grounded. >> with north korea successful launch of the three-stage rocket tuesday night the obama administration was left to ponder the limits of the engagement policy it doggedly pursued with rogue regimes around the world. >> as we have seen in the case of north korea, as we have seen in the case of iran to date, it's their choice whether they take advantage of it. spend his time and his money. shooting off missiles or he can feed his people. but he can't have both. >> reporter: after the u.n. security council disbanded without announcing any punishment, the white house and state department signaled inte
leader, eric kantor, warning lawmakers they will stay in washington until a fiscal deal is reached. allen west is here. before we get to the idea of staying in washington, you have said that negotiating with president obama is, to quote you, silly. >> i think when you look at what just happened today, the federal reserve will go into what is using -- >> greta: printing money. a fancy way to say it -- >> to the tune of $45 million a month foritous buy up our own treasury stocks. the argument is about $85 billion per year. when you put it thatn that context and understand that revenues have increased in the united states of america by 10% and spending by the for the government has increased 16% and we have a federal government spending 25s% of our gross domestic product, this is not a revenue issue, this is a spending issue. i think what we need to do is come up with the right type of legislation to solve this thing, keep these tax rates where they are and then if we want to come back next year and do the right thing, as far as the comprehensive tax scprmpl really solving this and promoting
how some states are bucking the washington trend next. thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get priory boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. there is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with speci perks on united. get it and you're in. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you'v
of the fiscal cliff. the senate back in session but so far all that is getting debated in washington is who is at fault. >> we wanted an agreement. but we had no takers. >> millions of middle class families are nervously watching and waiting and counting down the moments. >> harris: and we don't have many moments left. tonight, the president back in washington. will they cut a last minute deal. and if washington can't get it done we could feel the pinch in our first pay check of the new year. snow and sleet making for some very dangerous driving. >> i have seen ten cars in an accident. >> i saw a jackknifed tractor trailer. >> i saw a lexus fly into a ditch. it is pretty slippery out there. >> and flying not much better. >> we got on the plane and sat for three hours. >> harris: tonight, a monster storm on the move. i'm harris faulkner in tonight for shepard smith. the impending fiscal cliff that stands to affect the first pay check you get next month unless, of course, lawmakers can find a solution. today the senate majority leader mitch mcconnell said there is still time to work out a dea
relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's the senate. never mind the house, which of course, made clear to the house speaker that they won't even go for something that's a million dollars or more when it comes to tax increases. that was last week. >> dana, you were saying that when you were reporting on it when it was breaking that evening, you called that devastating for john boehner. now that house republicans have clearly rebelled against john boehner, can
of oil. we'll drill down on the answers. >>> plus, more talk and no walk in washington. shocker there. both side insist we need to stop spending. not that they're cutting a single penny from a single government program. fox news's bret baier with the real cost of spending. >>> we all love a good hamburger, right? but is that pesky wrapper keep getting in your way? one fast-food chain may have solved the problem for good. they're making the wrapper edible. you have to see this one to believe it, trust me. even when they say it's not it is always about money. melissa: first, let's take a look at the day's market headlines. fiscal cliff talks may be a mess but not ruining the party for investors. u.s. third quarter gdp was revised up to 3.1%. not bad. november existing home seams -- sales hit nice not seen. wall street shares of the nyse euronext skyrocketed 34%. the company is being acquired by rival intercontinental exchange for $3.2 billion in cash and stock. >>> research in motion may be crawling its way out of the abyss. the blackberry maker left for dead earlier this year. now shar
washington. what's the the latest on the talks or the silence? >> the silence seems to be golden, john. remember last week when all the players involved seem to be posturing and positioning and talking about negotiations? not so much, at least in the past few days. we know president obama and house speaker john boehner had a one-on-one meeting, right, on sunday, their first since mid-november. what were the details from that meeting and from the ongoing discussions? they're not really -- both sides are not really being forthcoming with what the substance of those conversations, both sides yesterday, the white house and the republican leadership put out statements. they're essentially the same. i'll read just one from boehner's press secretary. discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people.
>> schieffer: today on "face the nation," christmastime in washington but not much christmas can cheer at the capitol. old santa tried to reward congressional inaction with a lode of coal, but wouldn't you know there was no one around to give it to. congress skedaddled when the deal on the fiscal cliff collapsed. the national rifle association's top command did stay in town to ask the question we've all been asking. >> what do we do about the tragedy of the sort that struck in newtown, connecticut? >> schieffer: but their response left gun control advocates reeling. we'll talk to the profit n.r.a., wayne keene. and we'll hear from senator mark warner of virginia, and kay bailey hutchison of texas. we'll also talk to the first black senator from the south since reconstruction, newly designated south carolina senator tim scott. plus, we'll hear from actor ben affleck on, among other things, reports he may seek the senate seat being vacated by john kerry. who has just been nominated to be the next secretary of state. >> well, one never knows. i'm not one to get into conjecture. >> s
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